The House of Lords rules in Mairs (HM Inspector of Taxes) v Haughey that genuine contractual redundancy payments are not taxable as "emoluments" from employment. Furthermore, a payment made to buy out an employee's right to receive such a payment in the event of redundancy must be treated in the same way.
XpertHR is part of the LexisNexis® Risk Solutions Group portfolio of brands.
The materials and information included in the XpertHR service are provided for reference purposes only. They are not intended either as a substitute for professional advice or judgment or to provide legal or other advice with respect to particular circumstances. Use of the service is subject to our terms and conditions.
Copyright © 2021 LexisNexis Risk Solutions Group
© 2021 LexisNexis Risk Solutions Group.